If it was a meth lab, it probably isn’t worth cleaning up - it’s a tear-down.

Tuckpointing requires setting up scaffolding, then cleaning and pointing, and then tear down scaffolding.

In a few years we would extensively remodel or tear down/rebuild.

The idea that a tenant will tear out a doorway or rip down the cabinets is nonsense.

Hi BP,I am a wholesaler looking to network with builders in the Chicagoland area where part of their business model/plan is acquiring new project sites to do tear downs and new builds for their prospective clients.

Some examples - It's very expensive to pay rent late, have an ownership interest (treat the place like it were your own), damage beyond normal wear and tear comes out of your pocket, the background, eviction, income, and credit checks have to come back clean and favorable, and we make prospective tenants pay for their own screenings - pass or fail. 

It took them five months to figure out how to properly mail rent to me on time (they've encountered many late fees) and even to this day they pay on the last day humanly possible, but also they leave belongings outside in common space, they leave trash bags outside the trash cans and rodents get into it and tear it apart, they leave a bunch of random belongings and bikes in the foyer (on carpet) and they have filled the basement with what seems like trash.

Does any one have any financing experience whether it be better to rehab this disaster or completly tear it down and start new.

The other one we thought we could have created a duplex by tearing down the existing shell.  

Believe me after the 1st two I was ready to keep acquiring- but we had to put a lot of blood, sweat, tears and cash in to repositioning them and we need some recovery time!